The USDepartment of Commerce Has Been Developing So Called "Green Accounting

question 2

Multiple Choice

The U.S.Department of Commerce has been developing so called "green accounting" to

• A)focus attention to the money side of GDP
• B)reflect the impact of pollution and natural resource depletion
• C)properly value the output of very new firms
• D)illustrate the difference between GDP and real GDP
• E)measure the value of the output produced by inexperienced workers

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Definitions:

Clean Water

Water that is free from pollutants and contaminants, making it safe for human consumption and use.

Private Good

A type of good that is both excludable and rival in consumption, meaning its use is limited to paying customers and one person's use diminishes another person's ability to use it.

Automobile

A wheeled motor vehicle used for transportation, typically powered by an internal combustion engine or electric motor.

Private Good

A type of good that is characterized by excludability and rivalry, meaning it can be consumed by only one person at a time.